Download full text
(external source)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://doi.org/10.15173/esr.v18i2.532
Exports for your reference manager
The effect of oil price on United Arab Emirates goods trade deficit with the United States
[journal article]
Abstract We seek to investigate the effect of oil price on UAE goods trade deficit with the U.S. The current increase in the price of oil and the absence of significant studies in the UAE economy are the main motives behind the current study. Our paper focuses on a small portion of UAE trade, which is 11% of... view more
We seek to investigate the effect of oil price on UAE goods trade deficit with the U.S. The current increase in the price of oil and the absence of significant studies in the UAE economy are the main motives behind the current study. Our paper focuses on a small portion of UAE trade, which is 11% of the UAE foreign trade, however, it is a significant part since the U.S. is a major trade partner with the UAE. The current paper concludes that oil price has a significant positive influence on real imports. At the same time, oil price does not have a significant
effect on real exports. As a result, any increase in the price of oil increases goods trade deficit of the UAE economy. The policy implication of the current paper is that the revenue of oil sales is not used to encourage UAE real exports.... view less
Classification
National Economy
Free Keywords
oil price; UAE, U.S.; trade deficit; VAR model; economy
Document language
English
Publication Year
2011
Page/Pages
p. 45-63
Journal
Energy Studies Review, 18 (2011) 2
ISSN
0843-4379
Status
Published Version; peer reviewed